Define: Compromise

Compromise
Compromise
Quick Summary of Compromise

In legal contexts, a compromise refers to an agreement between parties to resolve a dispute or settle a legal matter without going to trial or adjudication. Both parties typically make concessions and agree to terms that are mutually acceptable in order to avoid the time, expense, and uncertainty of litigation. Compromises can be reached through negotiation, mediation, or other alternative dispute resolution methods, and they often involve a give-and-take process where each party compromises on certain issues in exchange for concessions from the other party. Once a compromise is reached, it is usually documented in a legally binding agreement that outlines the terms of the settlement and may include provisions for enforcement or implementation. Compromises can be an effective way to achieve a resolution that is satisfactory to all parties involved while avoiding the adversarial nature and potential risks of litigation.

What is the dictionary definition of Compromise?
Dictionary Definition of Compromise
  1. Process of mutual accommodation in which each party gives up something valuable, but without any party abandoning its claim or resorting to confrontation, hostilities, or litigation.
  2. An unauthorised and weakening disclosure or modification of competitive, confidential, privileged, or proprietary information.

Also:

  • The settlement of differences by arbitration or by consent reached by mutual concessions.
  • A committal to something derogatory or objectionable; a prejudicial concession; a surrender.

1) n. an agreement between opposing parties to settle a dispute or reach a settlement in which each gives some ground, rather than continue the dispute or go to trial. Judges encourage compromise and settlement, which is often economically sensible, since it avoids mounting attorneys’ fees and costs. 2) v. to reach a settlement in which each party gives up some demands.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March, 2024.

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